This bill amends Minnesota Statutes 2024, section 272.01, subdivision 2, to introduce a new exemption for certain leased land. Specifically, it allows property owned by a nonprofit conservation organization to be leased, loaned, or otherwise made available to private individuals, corporations, or associations for grazing activities that align with the conservation objectives of the organization. This addition is marked as insertion (7) in the bill. The bill also clarifies that taxes imposed on such leased properties will be assessed similarly to personal property taxes, but will not become a lien against the property.

Additionally, the bill removes the previous provisions that exempted property leased, loaned, or made available under section 272.68, subdivision 4, indicating a shift in the criteria for tax exemptions related to leased land. The effective date for these changes is set for property taxes payable in 2026. Overall, the bill aims to support conservation efforts while establishing clear tax guidelines for properties used in connection with business activities.

Statutes affected:
Introduction: 272.01